Court Grants $500,000 Bail To Admire Bio’s in Alleged Gold Fraud Case
The Pademba Road Court No. 1, presided over by Magistrate Brima Jah, has granted bail in the sum of US$500,000 to Admire Bio, who is standing trial in connection with an alleged gold fraud case involving Italian businessmen.
The accused, alongside co-accused Dauda Jalloh, also known as Alhaji Dausy, is alleged to have conspired to defraud Fanni Giuseppe and Alfio Siracusa between August 10 and August 14, 2025. The prosecution claims the accused used GAN Minerals Sierra Leone Limited to present a false gold trading operation.
According to court documents, the defendants allegedly offered to facilitate the sale of three kilograms of gold and payment of export-related fees, but instead diverted funds belonging to the complainants.
Magistrate Jah imposed strict bail conditions, requiring the accused to provide a Sierra Leonean resident surety and a valid title deed for property valued at US$500,000 or its equivalent in local currency. The court noted that the conditions reflect the seriousness of the allegations and the significant financial value involved.
The prosecution has charged the accused with multiple offences, including conspiracy to defraud, obtaining money by false pretences, money laundering, forgery, illegal gold trading, and tax evasion. Prosecutors argue that the alleged scheme caused substantial financial loss to the complainants and undermined the integrity of Sierra Leone’s mineral sector.
The defence maintains that the accused is presumed innocent until proven guilty under the law.
The matter has been adjourned to July 9 and 10, 2026, for continuation of hearing and further proceedings.
